LaFleur & Godfrey LLC Trims Stake in Alphabet Inc. (NASDAQ:GOOG)

LaFleur & Godfrey LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 12.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,587 shares of the information services provider’s stock after selling 4,644 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Alphabet were worth $5,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Emprise Bank purchased a new position in Alphabet in the 1st quarter worth $1,756,000. Rowlandmiller & PARTNERS.ADV boosted its position in Alphabet by 1.5% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 83,575 shares of the information services provider’s stock valued at $12,725,000 after acquiring an additional 1,219 shares in the last quarter. CJM Wealth Advisers Ltd. grew its holdings in shares of Alphabet by 2.2% during the 1st quarter. CJM Wealth Advisers Ltd. now owns 6,550 shares of the information services provider’s stock worth $997,000 after acquiring an additional 140 shares during the period. Abner Herrman & Brock LLC purchased a new position in shares of Alphabet during the 1st quarter worth approximately $18,675,000. Finally, Rise Advisors LLC raised its position in shares of Alphabet by 159.7% in the 1st quarter. Rise Advisors LLC now owns 8,357 shares of the information services provider’s stock worth $1,272,000 after acquiring an additional 5,139 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. UBS Group dropped their target price on shares of Alphabet from $204.00 to $187.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. Scotiabank began coverage on shares of Alphabet in a research note on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price objective on the stock. Finally, Oppenheimer decreased their target price on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.90.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the transaction, the chief executive officer now directly owns 2,182,385 shares in the company, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 0.1 %

Shares of NASDAQ GOOG opened at $166.74 on Thursday. The company has a market cap of $2.06 trillion, a PE ratio of 25.57, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm’s 50 day moving average price is $163.17 and its 200-day moving average price is $169.55. Alphabet Inc. has a 52-week low of $121.46 and a 52-week high of $193.31.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS. On average, equities research analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.